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Overview / Commentary
317-569-7420
11555 N Meridian St, # 400
Carmel, IN 46032

Merchants Bank of Indiana is headquartered in Carmel and is the 10th largest bank in the state of Indiana. It is also the 328th largest bank in the nation. It was established in 1923 and as of March of 2017, it had grown to 143 employees at 5 locations. Merchants Bank of Indiana has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #8056
Year Established1923
Employees143
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.5%
Return on Equity - YTD16.01%
Annual Interest Income$19.1MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$2.80B$2.47B
LoansQ1 2017vs Q1 2016$1.72B$1.62B
DepositsQ1 2017vs Q1 2016$2.50B$2.24B
Equity CapitalQ1 2017vs Q1 2016$261.1MM$205.4MM
Loan Loss AllowanceQ1 2017vs Q1 2016$6.6MM$5.7MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$3.2MM$796.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates

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Locations


Merchants Bank of Indiana Locations
Indianapolis Bank Branch3737 East 96th StreetIndianapolis, IN 46240
Spartanburg Branch6880 South Arba PikeLynn, IN 47355
Merchants Bank Of Indiana11555 N. Meridian Street, Suite 400Carmel, IN 46032
Merchants Bank Of Indiana Carmel Office Branch11590 North Meridian StreetCarmel, IN 46032
Lynn Branch7375 South Us Highway 27Lynn, IN 47355